Ethics in Business Decision Making Essay

Ethics in Business Decision Making Essay

Length: 986 words (2.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.

Normative ethics involves either a single rule or a set of principles to evaluate moral conduct. Teleology stipulates that acts are morally acceptable if they produce some desired result. Deontology on the other hand, focuses on the preservation of individual rights and on the intentions associated with a particular behavior. In summation, teleological philosophies consider the ends, or consequences, associated with an action whereas deontological philosophies consider the means (Ferrell, Fraedrich, & Ferrell, 2011). This is why teleology is commonly referred to as Consequentialism. In addition to the rule, deontology also cites individual absolute rights: freedom of conscience, freedom of consent, freedom of privacy, freedom of speech, and due process. Deontologist employ this set of freedoms because they believe certain rights should never be violated even if it is to produce a greater good (Ferre...


... middle of paper ...


...ord.edu/entries/utilitarianism-history/
Encyclopedia Britannica. (2011). Retrieved 24 2011, 3, from Utilitarianism: http://www.britannica.com/EBchecked/topic/620682/utilitarianism
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. Mason, Ohio: South-Western Cengage Learning.
Fieser, J. (2009, 5 10). Ethics. Retrieved 3 26, 2011, from Internet Encyclopedia of Philosophy: http://www.iep.utm.edu/ethics/
Frankena, W. K. (1963). Ethics. Englewood Cliffs, NJ: Prentice Hall.
Sinnott-Armstrong, W. (2003, 5 20). Stanford Encyclopedia of Philosophy. Retrieved 3 15, 2011, from Consequentialism : http://plato.stanford.edu/entries/consequentialism/
Taliaferro, C. (2010, 4 27). stanford Encyclopedia of Philosophy. Retrieved 3 11, 2011, from Philosophy of Religion: http://plato.stanford.edu/entries/philosophy-religion/

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Ethics And Decision Making Process Essay

- Working in administration positions can be challenging as tough decisions have are made to solve a particular issue. At times as administrators, we tend to go off instinct instead of utilizing protocol and assumptions. Our decisions can alter a workplace in a matter of minutes; which can result in turmoil for the organization served. As administrators ethical analysis and actions aid in the decision-making process; however, it does not stop there. According to text, in addressing ethical issues, besides identifying a problem and making a quick decision, as an administrator what course of action and responsibility will you partake to make sure the right decisions are made....   [tags: Ethics, Business ethics, Decision making]

Better Essays
1013 words (2.9 pages)

The Ethical Decision Making Model Essay

- The first ethical decision-making model is “Identify the Problem.” It is stated in the reading that Forensic psychologists have to keep in mind that there are extensive behaviors that needs to be considered including when reviewing the work of colleagues. There are ideas that need to be discussed among ethical, legal, moral, and professional perspectives. Whereas, these ideas may need to be explain more to clarify the ethical problem at hand. Consider a request by an attorney for a psychologist report to describe the patient’s degree on disability and patient symptom in a posttraumatic stress situation....   [tags: Ethics, Morality, Decision making, Business ethics]

Better Essays
1085 words (3.1 pages)

The Ethics Of Business Ethics Essay

- Introduction Ethics is referred as the standards of right and wrong. It is the study of own moral belief and moral conduct. Ethics play a major role in business. In today 's society, acknowledging and exercising the ideas of ethics is a fundamental factor that many organizations stress among business. The expression “good ethics is good business” is often frequently discussed. It 's been suggested that the topic is not strange in business. Business ethics is an application of ethics in general. The field of ethics is associated with what is right and wrong....   [tags: Ethics, Business ethics, Morality, Decision making]

Better Essays
1866 words (5.3 pages)

Positive Effects Of Ethical Business Ethics Essay example

- Positive Effects of Ethical Business Creeds A company’s basic beliefs, controlling values, ethical commitments and plan to promote sound ethical practices are all fundamental for the success of the company financially and ethically. To avoid the billion-dollar loss, irreparable damages and criminal charges Enron encountered, we will institute and abide by these ethical business principles. First, we must identify and value our stakeholders, which are the employees, surrounding community, investors, employee families, business partners, etc....   [tags: Business ethics, Ethics, Decision making]

Better Essays
1122 words (3.2 pages)

Social Media 's Influence On Business Practices Essay

- Through the popularity and variety of social media platforms there is a transparency among individuals and businesses that did not exist before. The transparency within businesses allows brands to engage with their consumers, which makes it easier to establish a connection and makes it difficult for businesses to cover up unethical dilemmas. As a result of increased transparency among business practices, consumers want to shop from companies who build ethics into their brand. This trend can be explained by social influence and social media’s ability to communicate norms, how emotions dominate decisions and the motivation to see oneself as good....   [tags: Ethics, Decision making, Business ethics]

Better Essays
1016 words (2.9 pages)

Ethics And Business Management : A Case Of Running Business Without Negative Effect On The Immediate Environment

- Ethics in business Ethics in business surround the dynamics of running business without negative effect on the immediate environment (internal and external). The management should always observe limits when dealing with their working environment and steer clear of any obstacles in the situations arising with time. Any handling of the dynamics of business will rely heavily on the ability of management to identify issues before maturity, and making attempts to eliminate threat to the business using acceptable means....   [tags: Management, Business ethics, Decision making]

Better Essays
2052 words (5.9 pages)

Ethics And Ethics Of The Yuma County Government Essays

- After the readings on all of the different ideas of ethics and how to achieve an ethical environment, whether it is in the general public or in a major corporation, I have been able to develop my own ideas on what would make a well functioning code of ethics. My codes of ethics are going to be veered towards the Yuma County government. I want to direct my code of ethics towards the Yuma County government because not only is it my hometown, it also seems fitting because of all the current elections that are going on right now....   [tags: Ethics, Morality, Business ethics, Decision making]

Better Essays
1172 words (3.3 pages)

The Code Of Conduct And Standards Of Professional Conduct Essay examples

- Ethics is about behaviour and attitudes that are based on what is morally good and bad. In business context, this means that businesses should consider all implications affecting all of their stakeholder groups in order to make a rational decision. Therefore, Sam, who plans to buy shares from XYZ for his personal account needs to identify ethical issues that arises concerning the code of conduct and standards of professional conduct. In this case, Sam must ensure that all business activities meet the requirements of the law as well as making sure that the decisions are not just for the firm’s or their own self-interest but also for the other stakeholders....   [tags: Ethics, Decision making, Business ethics]

Better Essays
1067 words (3 pages)

The Parable Of The Sadhu Essay

- When traveling in the Himalayas, the author of The Parable of the Sadhu, Bowen H. McCoy is faced with a difficult and ethically perplexing dilemma when he encounters the hapless sadhu on one of the less taken paths near the summit of the mountain. Afterwards, McCoy’s reflection of the events that occurred, as well as his colleague, Stephan’s response, makes him question whether what he did was ethical or unethical. Through the ethical guidelines of the Golden Rule and the Public Disclosure Test McCoy’s decision can be analyzed thoroughly....   [tags: Ethics, Decision making, Business ethics]

Better Essays
1202 words (3.4 pages)

Essay about The Fifth Step Of An Ethical Problem

- The fifth step would require the counselor to record what she can do to gain the needed information to make an ethical decision and the course of action to be taken in order to resolve the ethical problem (Luke, Goodrich, & Gilbride, 2013). For example, the counselor would research and write down local experts to contact, write down applicable ethical codes, and possible dates to meet with the principal. This step would clarify a plan to gather needed information to take further action. In step six, the counselor would analyze information from step five with the CRW factors at different levels and list the CRW elements that support or conflict with an action or decision and associate each a...   [tags: Ethics, Decision making, Business ethics, Culture]

Better Essays
1220 words (3.5 pages)